TOP Financial Group (NASDAQ:TOP) Sees Large Volume Increase – Here’s What Happened

Shares of TOP Financial Group Limited (NASDAQ:TOP – Get Free Report) saw strong trading volume on Monday. 182,016 shares traded hands during trading, an increase of 79% from the average daily volume of 101,646 shares. The stock last traded at $14.0850 and had previously closed at $13.25.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TOP. Wall Street Zen upgraded TOP Financial Group to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings downgraded TOP Financial Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, November 2nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

Read Our Latest Stock Analysis on TOP Financial Group

TOP Financial Group Price Performance

The firm’s 50 day simple moving average is $14.71 and its two-hundred day simple moving average is $8.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.20 and a quick ratio of 3.20. The firm has a market capitalization of $1.81 billion, a P/E ratio of -744.75 and a beta of -0.82.

TOP Financial Group (NASDAQ:TOP – Get Free Report) last issued its earnings results on Monday, August 17th. The company reported ($0.02) EPS for the quarter. The company had revenue of $1.08 million for the quarter.

TOP Financial Group Company Profile

(Get Free Report)

TOP Financial Group Limited is a Hong Kong-based financial services company that operates primarily through its subsidiaries as an online brokerage. The company provides customers with access to securities and futures trading through digital platforms and related brokerage services.

Its business activities include securities dealing, futures contract trading, margin financing and other services associated with online investment accounts. TOP Financial Group serves individual and institutional clients, primarily in Hong Kong and the broader Asia-Pacific market, subject to the regulatory requirements applicable to its operations.

The company is incorporated in the Cayman Islands and conducts its principal operating activities through Hong Kong-based subsidiaries.

Further Reading

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